SmartMesh is a blockchain-based IoT underlying protocol that enables smartphones, onboard devices, and other devices to connect without the internet. It is the future direction of off-internet communication, off-internet payment, and off-internet gaming.
Market Demand:
Two years ago protests broke out across major cities in Iran after the country’s government began raising the gasoline prices. The government responded to these protests by staging an internet blackout, blocking protesters from communicating with one another, or with anyone outside of the country.
Much of the same is happening in countries like Russia, Ethiopia, North Korea, and Venezuela. Similarly, China built its national Internet with such controls implemented from the beginning.
There are 3.9 billion people in the world without regular access to the Internet. In the world's poorest 48 countries, 90% of the population has no access to the Internet. SmartMesh will change the situation for those people with the roll-out of SmartMesh App. People can connect to each other to form a local mesh network. Within one local mesh network, as long as that one of the mobile phones has internet connectivity, everyone on the Mesh will be able to connect to the world.
SMT is the absolute driving force of Spectrum, a distributed application platform. It is the main chain of the Spectrum in the SmartMesh ecosystem. SMT is used to incentivize SmartMesh Mesh node contributors and to purchase products and services in the SmartMesh Mesh ecosystem. When users connect their SmartMesh phone nodes to the SmartMesh mesh network, they are rewarded with the SMT tokens. The longer the user stays on the network, the more SMT that they amass on the SmartMesh Blockchain.
The Team
Henry Wang is the founder CEO with the previous 10 years of experience working as CEO and chairman of Napp blockchain NextApp. Maxim Prishchepo is the Architect and has 15 years of experience in the FinTech area along with financial information system security and it helps greatly in blockchain projects.
The SmartMesh developer community wants to attract people from around the world who are interested in working on Dapps, AI, blockchain, network hardware and software and much more. There is a vast array of possibilities for developments that range from fintech, productivity, games, entertainment, security, science, culture and they are rewarded from 2000 to 5000 SMT tokens.
Price Analysis for Smart Mesh (SMT)
It has Rank #435 with a market cap $5,702,453. It has a circulating supply of 1.7 Billion coins and a max supply of 3.14 Billion coins (1 BTC = 2.3million SMT). All-Time High was $0.235215 two years ago and is down -98% compared to the current price. All-Time Low was $0.00187059 six months ago and is up 164% compared to the current price. 24 Hour Volume is $441,402.
Based on the 30-Day chart the price is horizontal but if we look at the 6-month chart we can notice the ascending triangle being formed which is a strong bullish continuation pattern. If the breakout happens we might see all-time high levels.
It is currently trading on 11 active markets. Gate.io is the current most active market trading it. Other notable exchanges are Huobi Global and HitBTC.
Upcoming Events
- Photon optimisation related work.
- Continued to analyse the incentives for Photon to support IoT data delivery, discussed the suitability of third-party entrusted services in this scenario, and prepared for the subsequent communication-based micropayment ecological application.
- Discussed the upgrade of the Photon Token Network contract, considered further introducing a switch design to restrict access behaviour during the contract switching process, and prepared for the subsequent optimisation and upgrade of the Photon function.
- Analysed the related functions of submarine exchange, researched application scenarios, supporting services and security of lightning submerged exchange, and further expanded the optimisation direction for Photon.
Should I buy SmartMesh (SMT)?
SmartMesh is a marketplace of nodes, like an Airbnb of smart phone nodes. Anyone with a smartphone can send text messages, photos, or voice to other nodes; and they are rewarded with tokens by helping transfer the data, and of course the data packets are encrypted.
To deal with daunting task like this, the biggest challenge is to transfer crypto tokens between mobile phones quickly so that people can share their nodes and get paid quickly, which was not possible on blockchain.
Investing is a personal choice and investors should consult with experts when making financial decisions. It's important to note cryptocurrencies are highly volatile, unregulated and have the potential to go to zero. If this doesn't discourage you and would like to know if Smart Mesh (SMT) made it to our shortlist, check out our weekly Altcoin Reports.
Read Our Latest Reports...
If you enjoyed this analysis you can read our weekly updates in our Altcoin Report, published every Sunday. In these reports we cover our altcoin findings for the week.
Disclaimer:
The information in this review has been independently sourced and even though we have made the best attempts to report accurately, we do not provide assurances on any of this information. This analysis is provided "as is" and it is up to the reader to do their own due diligence and research. Altcoin Investor is not associated or affiliated with any firm and the opinions are strictly that of the author. This information should not be relied nor is it to be treated as financial advice.